Micro-Currency: In French City Of Nantes, Soon You Can Pay In Nantos
NANTES – This city in western French is getting ready to launch its own local currency as a complement to the euro.
Though Nantes is following the example of the WIR cooperative bank in Basel, Switzerland, where 60,000 small and medium-sized enterprises are already using a cashless payment system, this will be the first time a large-scale European city is willing to try the experiment with both businesses and individuals.
The measure addresses the increasing importance of non-monetary exchanges between firms, a tendency that is particularly visible in times of financial crisis.
FULL STORY HERE: http://worldcrunch.com/micro-currency-french-city-nantes-soon-you-c...
Comment
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Comment by Todd Marshall on May 1, 2012 at 2:23am
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Less Prone: What is a "debt based abuse system"?
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Comment by Less Prone on April 29, 2012 at 7:29am
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People taking initiative to create a parallel means of exchange without depending on the debt based abuse system is a very good news.
http://12160.info/group/economic-independence-and-cooperation
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Comment by DTOM on April 28, 2012 at 7:35am
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It will be interesting to see if this concept spreads to other French cities.
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